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WorksheetsN5 Understanding Business - Revision
Total questions: 12
Worksheet time: 6mins
Which of the following has limited liability?
Sole Trader
Partnership
Private Limited Company
Charity
A partnership is owned and controlled by a minimum of ? partners
(a)
Which of these is NOT a stakeholder?
Customer
Government
Employee
Competitor
Supplier
External factors include Political Social Technologial and Environmental. Name either of the other external factors.
(a)
Which sector of the economy contains charities and voluntary organisations?
Private
Public
Third
Which sector of industry is where manufacturing occurs?
(a)
Land, labour, capital and enterprise are known as the factors of ?
(a)
Which of the following is not a justification for providing good customer service?
Customers are likely to return
Customers are less likely to complain
It costs a lot of money to train staff
Customers will recommend you to friends
Which of the following is a non-durable good?
Packet of crisps
Car
Laptop
Pair of trainers
An entrepreneur provides which factor of production?
Land
Labour
Capital
Enterprise
Who owns a public sector organisation?
Shareholders
Sole Trader
Government
Charity
Which sector of the economy contains sole traders, partnerships and limited companies?
Private
Public
Tertiary
Primary
Secondary
